Endo International plc Announces Endo Health Solutions Inc. Will Commence Exchange Offers - Seite 2

In connection with these exchange offers, EHSI is soliciting consents to amend the Existing EHSI Notes and the indentures governing the Existing EHSI Notes. The proposed amendments, with respect to each series of the Existing EHSI Notes, which require the consent of a majority in outstanding principal amount of such series of Existing EHSI Notes, would (i) delete in their entirety substantially all the restrictive covenants, (ii) modify the covenants regarding mergers and consolidations and (iii) eliminate certain events of default. Subject to certain conditions, holders of Existing EHSI Notes who consent by the Consent Date will receive a cash payment of $5.00 per each $1,000 principal amount of Existing EHSI Notes as to which a holder delivers a valid consent.

The consideration offered in the exchange offers and consent solicitations is summarized below:

Existing EHSI Notes	CUSIP No.	Outstanding Principal Amount (in millions)	Total Consideration, if Tendered Prior to the Consent Date(1)(2)	Aggregate Consideration, Including Consent Payment in Cash and Principal Amount of New Endo Finance Notes, if Tendered Prior to the Consent Date(1)	Exchange Consideration, in Principal Amount of New Endo Finance Notes, if Tendered After the Consent Date and Prior to the Expiration Date(1)
7% Senior Notes due 2019	29264F AG1	$500.0	$1,000 principal amount of 2019 New Endo Finance Notes	$1,000 principal amount of 2019 New Endo Finance Notes, plus $5.00 in cash	$970 principal amount of 2019 New Endo Finance Notes
7.00% Senior Notes due 2020	29264F AE6	$400.0	$1,000 principal amount of 2020 New Endo Finance Notes	$1,000 principal amount of 2020 New Endo Finance Notes, plus $5.00 in cash	$970 principal amount of 2020 New Endo Finance Notes
7¼% Senior Notes due 2022	29264F AJ5	$400.0	$1,000 principal amount of 2022 New Endo Finance Notes	$1,000 principal amount of 2022 New Endo Finance Notes, plus $5.00 in cash	$970 principal amount of 2022 New Endo Finance Notes

1. Consideration per $1,000 principal amount of Existing EHSI Notes.
2. This does not include the consent payment in cash of $5.00 per $1,000 principal amount of Existing EHSI Notes. The consent payment in cash is payable in respect of consents received prior to the Consent Date, subject to the satisfaction of the conditions to such payment.

EHSI's obligation to complete each exchange offer and to make the cash consent payments pursuant to each consent solicitation is conditioned upon, among other things, receipt of the requisite consents sufficient to effect the proposed amendments with respect to each series of the Existing EHSI Notes.